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EGE-Haina will produce 500 megawatts

The electricity highway will be finished in 14 months in order to carry 250 megas to Barrick Gold

SD. The national electric system will have, beginning in 2013, and additional 500 megawatts of which 250 will be going to the gold mine in Pueblo Viejo, Cotui, known as Barrick Gold.

The other 250 megawatts will become part of the National Interconnected electricity System (SENI).

The 250 megawatts will reach the Barrick Gold mining company over an electricity highway that will be built in 14 months, and which will stretch from San Pedro de Macoris to the province of Sanchez Ramirez. The announcement will be made today by the president of the Ege-Haina company, Edgar Pichardo, during a press conference where more details regarding the amount of the investment and the type of power plant that will be built as well as the plans of the company for expansion in the local market.

EGE-Haina is one of the two generating companies that were formed during the process of capitalizing of the old Dominican Electricity Corporation (CDE). The company's shareholders are made up of 50% by the Haina Investment Company Ltd (HIC), a consortium of international investors, and the remaining 50% belongs to the CDE and individual investors.